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Bullboard - Stock Discussion Forum
Reitmans Ord Shs
V.RET
Alternate Symbol(s):
RTMNF
|
RTMAF
|
V.RET.A
Consumer Cyclical
Apparel Stores
Reitmans (Canada) Limited is a Canada-based specialty apparel retailer for women and men, with retail outlets throughout the country. The principal business activity of the Company is the sale of women’s wear. The Company operates three different brands: Reitmans, Penningtons and RW&CO. The Reitmans banner is a specialty fashion destination. The Reitmans has an online presence and store...
locations across the country. Penningtons is a destination for plus-size fashion, ranging from sizes 14 to 32. Penningtons operates stores across Canada, as well as an ecommerce site at penningtons.com. RW&CO. operates stores averaging 4,500 square feet in premium locations in shopping malls, as well as on their e-commerce site. Specializing in menswear and womenswear, the brand delivers versatile, well-crafted collections and brand experiences. It operates approximately 391 stores under three distinct banners consisting of 226 Reitmans, 85 Pennington, and 80 RW&CO.
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Bullboard (TSXV:RET)
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(135)
•••
TheCount11
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Comment by
TheCount11
on Aug 22, 2024 11:19am
RE:RE:RE:RE:RE:RE:Target CEO says the consumer remains resilient
I don't find the "Americans no longer have money" story compelling. Sure some no longer have money but others do. Is someone burning the money? People were sitting at
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(827)
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flamingogold
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Comment by
flamingogold
on Aug 22, 2024 9:43am
RE:RE:RE:RE:RE:RE:Target CEO says the consumer remains resilient
What I do "see" is a rolling recession. Some sectors, like commercial real estate, continue to feel pain. Some retailers are struggling and others are hitting it out of the park. You
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(639)
•••
Torontojay
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Comment by
Torontojay
on Aug 22, 2024 9:32am
RE:RE:RE:RE:RE:Target CEO says the consumer remains resilient
I disagree Flamingo. In Canada the hard landing is happening right now. I'm very surprised you don't even see it. It takes at least a year to announce a recession after all the revisions
...more
(827)
•••
flamingogold
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Comment by
flamingogold
on Aug 22, 2024 9:22am
RE:RE:RE:RE:Target CEO says the consumer remains resilient
I'll agree the real estate sector is stressed. Low income consumers are stressed. Are there cracks? Yes. But, no "hurricane", as Jamie Dimon incorrectly called it, is about to hit. We
...more
(639)
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Torontojay
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Comment by
Torontojay
on Aug 22, 2024 6:59am
RE:RE:RE:RE:RE:Target CEO says the consumer remains resilient
Yes and people no longer have money left for home renovations. The covid spending spree is over. The US recently announced they over estimated the number of jobs created by over 800k! Now it all makes
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(135)
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TheCount11
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Comment by
TheCount11
on Aug 21, 2024 9:38pm
RE:RE:RE:RE:Target CEO says the consumer remains resilient
Meh... Home Depot has really tough Covid comps. Could have told you that 2 years ago. Its tied to housing transactions. Revenues and Operating Income compounded around 12
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(639)
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Torontojay
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Comment by
Torontojay
on Aug 21, 2024 9:08pm
RE:RE:RE:Target CEO says the consumer remains resilient
What they all have in common is that they are part of consumer spending which is two thirds of gdp. Home Depot is a bellwether for the US economy much like Canadian Tire would be for Canada. Btw, the
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(248)
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savyinvestor333
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Comment by
savyinvestor333
on Aug 21, 2024 3:51pm
RE:RE:Target CEO says the consumer remains resilient
What does Starbucks, McDonalds and Home Depot have in common with Reitman's? Nothing I would say
(827)
•••
flamingogold
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Comment by
flamingogold
on Aug 21, 2024 12:58pm
RE:RE:Target CEO says the consumer remains resilient
TJ, I could say you are cherry picking too. Starbucks has been mismanaged and why they just replaced their CEO. McDonalds got greedy and went too far with their pricing and why they introduced the $5
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(639)
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Torontojay
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Comment by
Torontojay
on Aug 21, 2024 11:21am
RE:Target CEO says the consumer remains resilient
As always flamingo, you are cherry picking the data. Ask Starbucks, McDonald's or Home Depot if the consumer is resilient.
(827)
•••
flamingogold
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Post by
flamingogold
on Aug 21, 2024 10:09am
Target CEO says the consumer remains resilient
Sorry for the bears who have been predicting economic destruction post covid. A recession will come eventually, but they've been wrong for 2 years now and will be wrong for the next year too. “We
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(5)
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WeirdPhil
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Comment by
WeirdPhil
on Aug 21, 2024 6:40am
RE:RE:RE:September Slam
The Real Estate Value that Donville Kent put forward is over $100m too much. The head office does not have anywhere near the value that they first reasoned, but the 1 million sq ft distribution
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(827)
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flamingogold
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Comment by
flamingogold
on Aug 20, 2024 8:29pm
RE:I went to the mall and ….
Reitmans is not the market. I was at Fairview last week and it was extremely busy for a mid afternoon weekday visit. Not just window shoppers either, many were carrying store logo bags. The consumer
...more
(135)
•••
TheCount11
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Comment by
TheCount11
on Aug 20, 2024 1:07pm
RE:RE:Any news?
With Stockhouse Indicator Neutral Reitmans could explode higher with Buyback.
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